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Month: June 2026

Lender claims Elk Development owes $60M on Hollywood apartments

Elk Development owes about $60 million on Hollywood apartments, according to two notices of default dated early June.  Acres Capital loaned Elk around $41 million via a construction note five years ago. The note was amended and ...

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  • 16 Jun
  • The Real Deal
  • Uncategorized
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Meg Ryan’s former Montecito estate re-lists for nearly $20M a year after flip

Meg Ryan’s former Montecito estate is back on the market a year after the actress flipped the property.  The oceanview compound at 857 Picacho Lane has returned to the market asking $19.9 million, roughly $3.1 million more than the ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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HVN Development plots another affordable housing play near LAX

HVN Development is doubling down in Westchester with latest affordable housing push. Irvine-based HVN filed an application with the City of Los Angeles to build a five-story, 77-unit affordable housing development at 8811 South Reading ...

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  • 15 Jun
  • The Real Deal
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$15M Beverly Hills mansion leads LA County luxury contracts 

The priciest home to go into contract in Los Angeles County last week was at 917 Oxford Way in the famed Beverly Hills’ 90210 ZIP code, asking just under $15 million. The six-bedroom, six-bathroom home spanning more than 7,500 square ...

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  • 15 Jun
  • The Real Deal
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Late financier, philanthropist’s Bel Air estate hits market at $65M

One of Bel Air’s most prominent family compounds has come to market.  Villa Cresta, the longtime home of late financier John Hotchkis and arts patron Joan Hartley Hotchkis, has been listed for $65 million. The more than 4-acre estate ...

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  • 15 Jun
  • The Real Deal
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Samuelis’ OC megadevelopment inks 40K sf deal with Kiln to open coworking hub

The Samueli family’s multibillion-dollar OC development landed a tenant. The mixed-use district, backed by Anaheim Ducks owners and billionaires Henry and Susan Samueli, inked a deal with Kiln. Kiln, a coworking company, will rent the ...

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  • 15 Jun
  • The Real Deal
  • Uncategorized
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Bass scores $250K from state and local construction PACs

As state and local races were called this past week following the June 2 primary, real estate money has fewer candidates to turn to.  For Los Angeles mayor, City Council member Nithya Raman took down reality TV star Spencer Pratt — who ...

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  • 14 Jun
  • The Real Deal
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Downtown Los Angeles office deals galore

It was a DTLA week — so, let’s take it from the top.  Northwind announced it made a $132 million first-mortgage acquisition note to back 601W’s purchase of Wells Fargo Center’s North Tower, distressed offices downtown owned by ...

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  • 13 Jun
  • The Real Deal
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Rams QB offloads three Hidden Hills homes for $21M

Los Angeles Rams quarterback Matthew Stafford trims his Hidden Hills holdings, unloading three luxury homes for $21.3 million in back-to-back deals in a matter of hours.  The sales comprise three homes at 5841 Round Meadow Road that ...

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  • 12 Jun
  • The Real Deal
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Pasadena manse famed for “Dynasty” fight scene lists for $45M

A mansion in Pasadena made famous by a 1980s television brawl just hit the market for an eye-popping sum.  The Arden Villa at 1145 Arden Road is up for sale for $45 million, Robb Report reported. The home served as the backdrop for the ...

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  • 12 Jun
  • The Real Deal
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  • Recent Posts

    • SoCal condo sales 25% below average amid broader economic woes July 12, 2026
    • LA County looks to give nonprofits edge in multifamily market, Orange aims for accountability July 11, 2026
    • Newport Beach mansion shoots for city record with $70M list price July 11, 2026
    • Eagle Partners buys back OC apartments in $133M affordable preservation deal July 10, 2026
    • LA real estate agent “Mr. La Cañada” sentenced in Eaton fire price gouging case July 10, 2026
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